secwatch.observer — SEC 8-K summary
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Issuer:     LifeMD, Inc. (LFMD)
CIK:        0000948320
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001493152-22-005094
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LifeMD subsidiary WorkSimpli acquires resume-building software assets for $4M
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- WorkSimpli Software, majority-owned by LifeMD, acquired resume-building software assets from East Fusion FZCO for $4M cash.
- Seller gets quarterly payments equal to greater of 15% Net Profits or $62,500 for 2 years, min $500,000.
- Purchase financed by LifeMD promissory note secured by guarantees from Fitzpatrick Consulting and Sean Fitzpatrick.
- Acquisition closed on February 17, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/948320/000149315222005094/0001493152-22-005094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/948320/000149315222005094/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-005094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer